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The price of Credo Technology Group Holding Ltd (NASDAQ: CRDO) closed at $35.91 in the last session, up 7.84% from day before closing price of $33.30. In other words, the price has increased by $7.84 from its previous closing price. On the day, 7.26 million shares were traded. CRDO stock price reached its highest trading level at $38.99 during the session, while it also had its lowest trading level at $29.09.
Ratios:
We take a closer look at CRDO’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 7.01 and its Current Ratio is at 7.67. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.02.
On December 17, 2024, Susquehanna started tracking the stock assigning a Neutral rating and target price of $80.
BofA Securities Upgraded its Underperform to Buy on December 03, 2024, while the target price for the stock was maintained at $80.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Apr 04 ’25 when CHENG HUANG FAMILY TRUST bought 550,000 shares for $37.14 per share.
Lam Yat Tung sold 10,000 shares of CRDO for $430,759 on Apr 02 ’25. The Chief Operating Officer now owns 2,792,447 shares after completing the transaction at $43.08 per share. On Mar 31 ’25, another insider, Cheng Chi Fung, who serves as the Chief Technology Officer of the company, sold 55,000 shares for $39.13 each. As a result, the insider received 2,152,043 and left with 7,993,602 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CRDO now has a Market Capitalization of 6097553408 and an Enterprise Value of 5291307520. As of this moment, Credo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 2621.17, and their Forward P/E ratio for the next fiscal year is 31.74. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 16.09. For the stock, the TTM Price-to-Sale (P/S) ratio is 18.62 while its Price-to-Book (P/B) ratio in mrq is 9.86. Its current Enterprise Value per Revenue stands at 16.155 whereas that against EBITDA is 372.969.
Stock Price History:
The Beta on a monthly basis for CRDO is 2.29, which has changed by 0.68275535 over the last 52 weeks, in comparison to a change of -0.028342128 over the same period for the S&P500. Over the past 52 weeks, CRDO has reached a high of $86.69, while it has fallen to a 52-week low of $16.82. The 50-Day Moving Average of the stock is -35.35%, while the 200-Day Moving Average is calculated to be -22.06%.
Shares Statistics:
According to the various share statistics, CRDO traded on average about 5.93M shares per day over the past 3-months and 5315200 shares per day over the past 10 days. A total of 169.70M shares are outstanding, with a floating share count of 146.65M. Insiders hold about 13.63% of the company’s shares, while institutions hold 74.73% stake in the company. Shares short for CRDO as of 1741910400 were 10144539 with a Short Ratio of 1.71, compared to 1739491200 on 7716412. Therefore, it implies a Short% of Shares Outstanding of 10144539 and a Short% of Float of 7.08.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
